Upcoming IPOs in June: Kronox Lab, Magenta Lifecare, Sattrix InfoSec to hit market next week, 6 listings to watch out
Also Read: India set to record bumper IPO deals as 2024 Lok Sabha election uncertainty endsThree IPOs are slated to open for subscription in the first week of June, The issue of Kronox Lab Sciences' offer of ₹130 crore will open in the mainboard segment, while Sattrix Information Security and Magenta Lifecare IPO will open in the SME section next week.Along with the three new IPOs, six SME IPO companies will list at the bourses the following week."Amidst general elections, the primary market continues to remain vibrant, with amazing responses to certain IPOs such as Awfis Space Solutions. Confidence can be gauged by these offerings that have been launched amidst general elections, defying the earlier trend. As we speak, Kronox Lab Sciences' IPO will be launched from June 3rd to 5th.Looking ahead, get ready for a wave of IPOs from both new-age businesses and traditional sectors.
We're optimistic about the IPO post-election results. There are several factors why we believe this. First, there's been an increase in domestic capital.
Then, there are improved governance practices and a thriving Indian entrepreneurship spirit, as well as supportive government policies, especially when it comes to FDI. All of these things come together to give us confidence in the market," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.Also Read: 10 stocks listed in 2024 trade below their issue prices; will they suffer more? Here's what experts sayThe subscription period for the Kronox Lab Sciences IPO is set for Monday, June 3, and it will end on Wednesday, June 5.
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